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Wendy's shares jump as potential takeover bid is reported
Wendy's stock rose sharply after CNBC Markets reported that the company is facing a potential takeover bid. The report ties the possible interest to Nelson Peltz's Trian Fund Management, which has a long history with Wendy's.
CNBC Markets said Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago. The latest development is framed as a potential bid linked to that prior involvement.
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